The Conference Board index stood at 117.2 points, against 117.5 points in April and 118 points expected by analysts.
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US consumer confidence remained stable in May compared to April, when it was at its highest since the start of the crisis, according to the Conference Board index released on Tuesday.
The index stood at 117.2 points in May, against 117.5 points in April, a figure which has been revised downwards. This is worse than the 118 points expected by analysts.
In detail, the perception of the current situation is improving, to 144.3 points (+12.4 points), but consumers are less enthusiastic than in April about the outlook, and the index measuring them fell to 99 , 1 points (-8.8 points).
“Consumer assessment of current conditions has improved, suggesting that economic growth remains robust in the second quarter,” said Lynn Franco, senior director of economic indicators at the Conference Board, in the release.
“However, consumers’ short-term optimism has receded” as they worry a little about their incomes, which may reflect, she says, “both rising inflation expectations and rising inflation expectations. the (temporary) reduction in government aid ”.
“Overall, consumers remain optimistic and confidence is expected to remain resilient in the short term, as vaccination rates rise, Covid-19 cases decline and the economy fully reopens,” he said. her however.
Another indicator of consumer confidence, that of the University of Michigan, also showed a deterioration in May because of the inflation outlook.
Prices have started to rise, and this rise is expected to last for at least several months, as demand continues to grow while supply remains very difficult globally for a large number of product categories.
Some economists fear this will continue.
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